Dangote Cement see growth in revenue and reported a ₦1,034.2B

We have the quarter result for Dangote Cement and the company’s revenue grew by 16.53 %

Dangote Cement is the top producer of Cement in Africa, the company is worth 4,771,342.00 (MIL) in market cap and the stock has a 52 weeks range of N158.00

 -  N280.00

Today, the firm reported a 16.53 percent jump in revenue, which is N284.59 billion in the corresponding period of 2020 to N331.64 billion.

Dangote Cement earing report keynotes

• Gross Profit for the period grew by 20.59% from N169.47 billion recorded in the previous year to N204.37 billion in the period under review.
• Other Income surged by 66.62% from N698 billion in Q3 2020 to N1.16 billion in the period under review.
• Pre-Tax Profit increased by 13.86% from N109.11 billion in the previous year to N124.23 billion in the current period.
• As of the end of the review period, the company’s total assets were valued at N2.25 trillion, reflecting an increase of N227.79 billion year-to-date.
• In addition, shareholders’ equity recorded an increase of N14.25 billion YTD to stand at N905.22 billion.

About Dangote Cement

Dangote Cement Plc is Sub-Saharan Africa’s leading cement company, with a production capacity of 48.6 million tonnes per year across ten countries. Together, these operations make us the largest cement producer in Sub-Saharan Africa

Watch the video below to see Dangote Cement Rollout in Ibeju Lekki mill.